Stellar (XLM) might appear to have erased most of its gain made since April 2018 but the fact of the matter is that it has been trading in an interesting pattern of falling wedges on both the XLM/BTC and XLM/USD charts. Another interesting observation is that both charts for Stellar (XLM) look extremely similar.

The current pattern of falling wedges that Stellar (XLM) follows comprises of a large falling wedge in which the price trades for an extended period of a few months.

We are now less than one week away from the launch of the TRON MainNet. This upgrade will see the TRON system migrate from the Ethereum blockchain, onto its very own MainNet. In doing so, the current TRX token, based on Ethereum’s ERC-20 token, will be transferred to a brand new native TRX currency.

]]>https://cryptodaily.co.uk/2018/05/guidance-tron-mainnet-launch-tron-looks-climb/feed/0Ripple (XRP) Eyes Reversal While Being Down 82% From All Time Highhttps://cryptodaily.co.uk/2018/05/ripple-xrp-eyes-reversal-82-time-high/
https://cryptodaily.co.uk/2018/05/ripple-xrp-eyes-reversal-82-time-high/#respondThu, 24 May 2018 14:56:01 +0000https://cryptodaily.co.uk/?p=17675

Ripple (XRP) is down 82% from all time highs, recording one of the worst corrections in the entire crypto market. While Ripple is a company with a lot of potential, the confused status of XRP has been a major factor in investors being eager to dump this coin at the first sign of danger. Many cryptocurrency investors still believe in Ripple (XRP) which is why it still ranks at third place in terms of market cap.

Norway are the next country to weigh in on the cryptocurrency debate. With more and more countries now entering the woodwork, Norway seem to be taking a crypto-friendly approach to the situation, suggesting that the Bank of Norway (Norges Bank) are now considering the production of their own central cryptocurrency. This is similar to news resonating around South Korea at the moment, news that suggests the Bank of South Korea, are eventually going to roll out their very own cryptocurrency.

Reports out today highlight that the US Commodities Futures Trading Commission (CFTC) are working with the US Justice Department to run an investigation into Bitcoin price manipulation that could be influencing the state of the markets as we see it today. According to Bloomberg, the US Justice Department have now begun a full criminal investigation into the matter. The investigation will search for evidence of spoofing and malicious market activity, that could in turn be directly influencing the state of the markets.

]]>https://cryptodaily.co.uk/2018/05/us-authorities-suspicious-bitcoin-price-manipulation-driving-markets/feed/1Star Of The 2014 FIFA World Cup Launches New Cryptocurrencyhttps://cryptodaily.co.uk/2018/05/star-2014-fifa-world-cup-launches-new-cryptocurrency/
https://cryptodaily.co.uk/2018/05/star-2014-fifa-world-cup-launches-new-cryptocurrency/#respondThu, 24 May 2018 13:26:43 +0000https://cryptodaily.co.uk/?p=17656

For the football fanatics amongst us, if you say ‘star of the 2014 world cup’ the majority of us will hear the name James Rodriguez.

Star of the 2014 Columbian world cup team, Rodriguez took the world by storm through his fluent and rather impressive football. Now, Rodriguez has turned to cryptocurrency to launch his latest venture, with a company called Selfsell.

A brand “new me”, sponsored and brought by SelfSell, will be activated.

#PaywithLitecoin is a movement that aims to push Litecoin adoption into the mainstream. With more and more small businesses signing up to accepting Litecoin payments, the movement does seem to have some bearing. In essence, this aims to provide the world with Litecoin awareness and thus, encourages businesses to start accepting Litecoin on the premise that it will save them time, money and of course, get them more customers. #PaywithLitecoin is a marketing tactic that really does seem to benefit both sides of the campaign.

The market has taken another casualty today. Finally, we have seen Bitcoin Cash tumble below $1,000.00 into figures not seen since the middle of April.

During April, Bitcoin Cash made incredible progression during the mid-April market surge, progression which saw it break free from the path of Bitcoin and take up new heights on its own. Prior to the surge, Bitcoin Cash seemed to remain steadily at 10% of the value of Bitcoin.

Earlier this month, Ripple made an announcement in which highlighted the start of a new initiative by Ripple, designed provide investments to businesses that could see benefits from an integration of the XRP Ledger. Theoretically, Ripple want to use Xpring to provide growing businesses the opportunity earn investment through and integration of their services within the Ripple blockchain. This will use blockchain technology and digital assets to provide support to businesses invested, by Xpring.

According to Ripple:

“Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs.

]]>https://cryptodaily.co.uk/2018/05/might-ripples-xpring-good-news-apple-pay/feed/0Legality Of The Reserve Bank Of Zimbabwe’s Crypto-Ban Called To Questionhttps://cryptodaily.co.uk/2018/05/legality-reserve-bank-zimbabwes-crypto-ban-called-question/
https://cryptodaily.co.uk/2018/05/legality-reserve-bank-zimbabwes-crypto-ban-called-question/#respondThu, 24 May 2018 10:26:01 +0000https://cryptodaily.co.uk/?p=17637

This month, the Reserve Bank of Zimbabwe (RBZ) weighed in on cryptocurrencies, announcing that they would be making moves to establish a ban on cryptocurrency trading. In an official statement, the RBZ said:

“In order to safeguard the integrity, safety and soundness of the country’s financial system, and to protect the public in general, all financial institutions are hereby required to ensure that they do not you, trade, hold and/or transact in any way in virtual currencies.”

See our full coverage of this story for yourself, here-
https://cryptodaily.co.uk/2018/05/reserve-bank-zimbabwe-say-cryptocurrencies/

Reports out this week state that Golix, the main cryptocurrency exchange in Zimbabwe have progressed with court proceedings against the RZ on the premise that the RBZ do not have the authority to implement these regulations.